Economic observers in many parts of the U.S. are raising concerns about the economic policy of the federal government, with worry rising over the potential of new tariffs under President Donald Trump leading to a trade war with China.

But in Utah, where low unemployment and steady job growth have outstripped the rest of the country in recent months, consumers here have never felt better.

Utah's consumer confidence hit an all-time high in March, with Zions Bank announcing this week that its measures of the state's consumer attitudes, including evaluations of the current economy and expectations for the future, all rated at record highs, despite a powerfully negative view about the federal government and its economic policy overall.

"Utah’s robust job market, as well as seasonal changes in perceptions has driven this month’s record-setting optimism in the statewide economy” said Scott Anderson, Zions Bank president and CEO, in a written statement. “A strong labor market and strong savings growth have increased perceptions of personal wealth growth across the state.”

The state's Consumer Attitude Index was at 129.5 for the month, up 11.6 points from the previous year, according to the bank. Survey data showed 58 percent of Utahns saying they felt jobs were "plentiful" in their area, up from 46 percent a year ago.

They also showed confidence in the stock market, with 53 percent saying they felt a $1,000 investment in their 401(k) would be worth more than $1,000 a year from now.

All that confidence runs counter to the trend across the country, with the national Consumer Confidence Index showing a 2.3-point decrease to 127.7 this month.

Not that Utahns are especially confident in the U.S. government to make good economic policy. Only 24 percent of Utahns surveyed said they thought the federal government is doing a "good job" of doing things to improve the economy, down from 28 percent in February.

Zions Bank analysts suggested the drop-off could be at least partly attributable to Trump's recent announcement of new tariffs on some imports into the country, a move that some fear could lead to an escalated trade war between the U.S. and China.

Still, Utahns appear to have retained their confidence in more local economic policy making, said Randy Shumway, chairman and partner of Cicero Group, the Salt Lake City-based research firm contracted by Zions Bank to collect data for the CAI.

The survey showed Utahns with more confidence in the state government, with 49 percent giving the state government credit for making good policy.

“As policy makers statewide continue to support innovation and good governance, I see no reason as to why the economy shouldn’t continue to grow," Shumway said.